Payless Car Sales Franchise Opportunity
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Payless® Car Sales Franchise Opportunity MN File #F-6677 – For CA: THESE FRANCHISES HAVE BEEN REGISTERED UNDER THE FRANCHISE INVESTMENT LAW OF THE STATE OF CALIFORNIA. SUCH REGISTRATION DOES NOT CONSITUTUE APPROVAL, RECOMMENDATION OR ENDORSEMENT BY THE COMMISSIONER OF CORPORATIONS NOR A FINDING BY THE COMMISSIONER THAT THE INFORMATION PROVIDED HEREIN IS TRUE, COMPLETE AND NOT MISLEADING. For NY: This advertisement is not an offering. An offering can only be made by a prospectus filed first with the Department of Law of the State of New York. Such filing does not constitute approval by the Department of Law.
TODAY’S AGENDA • Our Corporate Structure • Awarding a Payless® Car Sales Franchise • JM&A Group Relationship • Payless Assurance® - Our Certified Pre-Owned Product • Avis Direct - Purchasing Vehicles From Our Fleet • Marketing • Payless® Website • Initial and Monthly Investments • Why Purchase a Payless® Car Sales Franchise? • Franchise Disclosure ® America’s Used Car Company
CORPORATE STRUCTURE • Headquarters – Parsippany, NJ • Parent company – Avis Budget Group, Inc. (ABG) – More than 30,000 employees and 10,000 locations in 175 countries – Operating Entities: – Avis® Car Rental – Budget® Car Rental – Budget® Truck Rental – Payless® Car Rental – Payless® Car Sales – ZipCar® A good deal better… online ®
AWARDING A FRANCHISE The ideal franchise candidate is an experienced automotive professional and/or dealer group that possesses: – Strong management and marketing background – An excellent business reputation – The net worth and other tools to support a planning volume of 50+ vehicles per month for the Franchised Business – The right location and facility – A commitment to selling quality Certified Pre-Owned vehicles Our anticipated dealer mix is: – 90% dealers with a manufacturer affiliation – 10% well-qualified independent dealers Drive More… Pay Less ®
JM&A RELATIONSHIP In 2011 Payless formed a strategic relationship with the JM&A Group, one of the largest independent providers of F&I products in the automotive industry. JM&A facilitates the following areas within the Payless® franchise system: – Exclusive Provider for the Payless Assurance® Certified Pre-Owned program – Preferred Provider for all F&I products – Preferred Provider for training in the sales department, service department, and F&I department America’s Used Car Company ®
PAYLESS ASSURANCE® Payless Assurance® is our private-labeled Certified Pre-Owned program. The program includes: • Point-of-sale marketing materials • 125-point vehicle inspection • Vehicle History Report (VHR) – AutoCheck® is endorsed, and the cost of the VHR is reimbursed – CarFax® is also acceptable • Limited warranty • Travel breakdown protection • Roadside assistance • SiriusXM® Satellite Radio ® A good deal better… online
PAYLESS ASSURANCE® Point of sale marketing materials include: – Monroney-style window sticker – Window side sticker of inspected items – License plate – Mirror hang tag – Window flag – Warranty folio – String banners – Wall posters – SiriusXM® window sticker ® Drive More… Pay Less
B WALL POSTER A N N E R America’s Used Car Company ®
AVIS DIRECT • Avis Direct is our direct-to-dealer sales program where you can purchase Avis®, Budget®, Payless®, and ZipCar® vehicles from our fleet. It’s easy, fast, and fee-free. • Avis Direct Advantages: • Approximately 350,000 professionally maintained vehicles available for purchase annually • No enrollment or buy fees • Hi content, high grade condition vehicles • Online photos and condition reports • A regional consultant available to work with you ® A good deal better… online
MARKETING Marketing Strategy: Payless® sells Certified Pre-Owned vehicles to value- conscious customers looking for a superior car buying experience. Our target market is traditional used car buyers and buyers interested in alternatives to purchasing a new vehicle. Marketing Mix: • Product: Late model Certified Pre-Owned vehicles – Current to 5-year old vehicles with less than 80,000 miles – Payless Assurance® Certified Pre-Owned • Pricing: Payless® vehicles are value priced, yet look great and have many years of service life remaining – Payless® is an action-driven brand name • Drive More…® Pay Less Drive More… Pay Less ®
MARKETING • Place: Payless® Car Sales franchised dealer locations across the country • Promotion: – www.paylesscarsales.com and our dealer’s websites • A good deal better…online® – Dealer local market advertising – The New Car Alternative • Why pay the difference if you can’t tell the difference? – Nationwide system of quality dealers • America’s Used Car Company® America’s Used Car Company ®
TRADEMARKS ® 12 A good deal better… online
Payless® Website DealerActive, LLC is the Exclusive Provider for our corporate website www.paylesscarsales.com and the Payless® website for each of our dealers. • Website – Dedicated Account Representative – Custom Lead Generating Forms = Higher Conversions – Specials Page – Coupons – SEO – eCARmerce • Inventory Management & Distribution – Automatically send your inventory to AutoTrader, Cars.com, and over 50 free listing sites Drive More… ®
Payless® Website • Responsive Website Technology – Optimizes and resizes automatically for computer, tablet & phones – Creates a better experience for the visitor – Registers stronger SEO results and Google Page Ranks – Google & Bing recommended – Consolidate your analytics & reporting – The best tablet & mobile display – Increased consumer usability – Easier site management Drive More… ®
Payless® Website • Video with YouTube – Human Voice Video – Fully Automated and Generated – 4x Higher Click Rates – Increase your vSEO • Coupon Lead Generator – Increase site leads by 25-35% • eCARmerce – Engage consumers more quickly Drive More… ®
INITIAL AND MONTHLY INVESTMENTS • Initial Franchise Fee – $30,000 for a 5-year license (good till April 2014) • Monthly Royalty Fee – $200 per month paid on the 15th of each month • Participation in: – Payless Assurance® Certified Pre-Owned program thru JM&A Group • Pricing varies by state – Payless® Website thru DealerActive • $1,145 per month + any other services you request ® America’s Used Car Company
WHY PURCHASE A FRANCHISE FROM PAYLESS? Distinct Brand Identity Clear Marketing Message Payless Assurance® Certified Pre-Owned Vehicle Purchasing From Avis Direct Work With The Best: JM&A Group, DealerActive, eXteresAUTO Ongoing Support A One-Stop Automotive Solution is Available: Payless® Car Sales + Payless® Auto Service Center + Payless® Car Rental America’s Used Car Company ®
Franchising Disclosure This information is not intended as an offer to sell or the solicitation of an offer to buy a franchise. We offer franchises solely by means of our Franchise Disclosure Document. Certain states and foreign countries have laws governing the offer and sale of franchises. If you are a resident of one of these states or foreign countries, we will not offer you a franchise unless and until we have complied with all applicable legal requirements in your jurisdiction. MN File #F-6677 – For CA: THESE FRANCHISES HAVE BEEN REGISTERED UNDER THE FRANCHISE INVESTMENT LAW OF THE STATE OF CALIFORNIA. SUCH REGISTRATION DOES NOT CONSITUTUE APPROVAL, RECOMMENDATION OR ENDORSEMENT BY THE COMMISSIONER OF CORPORATIONS NOR A FINDING BY THE COMMISSIONER THAT THE INFORMATION PROVIDED HEREIN IS TRUE, COMPLETE AND NOT MISLEADING. For NY: This advertisement is not an offering. An offering can only be made by a prospectus filed first with the Department of Law of the State of New York. Such filing does not constitute approval by the Department of Law.
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